Markets trading flat

Intense volatitily accompanied the market's surge in the opening session.The markets are rangebound and continue to trade flat. Selective buying is seen in capital goods and energy stocks. However, IT, banking and auto stocks are trading weak on the indices.

At 12.40 am IST, the Sensex is up 6.18 points at 14473.54, and the Nifty up 2.30 points at 4254.35.

Top gainers on the Sensex are ONGC, BHEL, L&T.Top losers on the Sensex are Tata Motors, TCS and Maruti Udyog.Top gainers on the Nifty are Reliance Petro, M&M, Siemens.Top losers on the Nifty are BPCL, Tata Power and HCL Tech.

State-run oil exploration major ONGC advanced 1.47% to Rs 922.The company will declare its Q4 March 2007 and FY 2007 results today.Reliance Energy was up 1.41% to Rs 599.Engineering stocks Bhel (up 1.38% to Rs 1460) and L&T (up 1.16% to Rs 2132) rose on fresh buying.

NTPC advanced 0.52% to Rs 153.50, after a block deal of 5.28 lakh shares was struck in the counter on BSE at Rs 153.90 per share by 09:59 IST.ICICI Bank was up 0.11% to Rs 954.80, after declining to a low of Rs 940, in early trade. Index heavyweight Reliance Industries (RIL) rose 0.31% to Rs 1,709.